Thread by @WendySiegelman, A luxury hotel company that owns Ritz Carlton and other hotels is [...]

Wendy Siegelman

WendySiegelman

A luxury hotel company that owns Ritz Carlton and other hotels is the biggest beneficiary of the Paycheck Protection Program tapping $53 million in funds

The PPP ran out of its initial $349 bill on April 16 leaving many small companies with no assistance https://www.nytimes.com/2020/04/22/business/economy/coronavirus-small-business-loans-real-estate-trusts.html

Luxury Hotel Company Benefits From $40 Million in Small-Business Funds

Two real estate investment trusts advised by Ashford Inc. tapped into Paycheck Protection Program funds through a Ritz Carlton in Atlanta and other luxury hotels.

https://www.nytimes.com/2020/04/22/business/economy/coronavirus-small-business-loans-real-estate-trusts.html

‘This is our only shot.’ Miami small businesses worry latest federal money won’t reach them, by @Carlos_Frias @KevinGHall https://www.miamiherald.com/news/business/article242200456.html

Miami businesses fear they’ll miss out on latest federal money: ‘This is our only shot’

Steve Simon will do something this week that he and thousands of other business owners long took for granted. He’s cutting the first payroll checks to his employees in more than a month, thanks to...

https://www.miamiherald.com/news/business/article242200456.html

https://twitter.com/wendysiegelman/status/1253142634408947714?s=21 https://twitter.com/wendysiegelman/status/1253142634408947714